New York, NY, Oct. 08, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “GPON Equipment Market by Component Type (Optical Cables, Optical Power Splitters, Optical Filters, and Wavelength Division Multiplexer/Demultiplexer) and by Product Type (Optical Line Terminal, Optical Network Terminal, and Passive Optical Splitters): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024”. According to the report, the global GPON equipment market accounted for USD 5.50 billion in 2017 and is expected to reach USD 25.82 billion by 2024, growing at a CAGR of around 24.72% between 2018 and 2024.
GPON infrastructure consists of single optical fiber that can be accessed by multiple users with the help of passive optical splitters. GPON is known as the most cost-effective technology used in FTTH (Fiber to the home) deployments. It is the evolution of broadband passive optical network (BPON). The global GPON delivers triple-play services including internet, voice over internet protocol, and digital content over a single fiber optic line to households and office premises. The rising demand for bandwidth due to social media applications, streaming videos, content sharing, and online gaming is constantly pushing the requirements for better experience and higher bit rates.
Browse through 29 Tables & 26 Figures spread over 123 Pages and in-depth TOC on “Global GPON Equipment Market: By Industry Type, Size, Share, Top Segments, Key Players and Forecast, 2024”.
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The rapid increase in the connected device and need for higher bandwidth increases the demand for the GPON equipment in the market. Further, the telecommunication sector is a key end-user market for GPON equipment and is predicted to shape this market significantly in the near future. Telecom sector is shifting towards high capacity and faster optical network which anticipates spurring the growth of the GPON equipment market. The increasing investments from public and private sectors with the excessive data traffic are expected to be the key drivers of this market. Furthermore, high return on investments, low ownership cost, effective bandwidth connectivity, and high usage of data-intensive services such as video on demand, video conferencing, and voice over internet protocol are some of the major factors which are contributing to the growth of GPON equipment market. However, less range and slow data transmission speed during peak usage time along with high installation and operational costs are some of the factors predicted to limit the growth of the GPON equipment market.
Based on the component segment, the global GPON equipment market is divided into optical filters, optical power splitters, wavelength division multiplexer/demultiplexer, and optical cables. Wavelength division multiplexer/demultiplexer segment is estimated to show noticeable growth in the global GPON equipment market. The product segment of the global GPON equipment market includes an optical line terminal, optical network terminal, and passive optical splitters. The market is analyzed on the basis of five regions namely Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
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In 2017, Asia Pacific was the leading regional market in terms of revenue for the global GPON equipment market and is set to continue its dominance within the forecast period. The key contributing countries for the growth of GPON equipment market in the Asia Pacific region are China, India, and Taiwan; increasing number of internet users and demand for higher bandwidths is the major reason for the growth of GPON market in these countries. China accounted for the largest market share in the Asia Pacific region. The technological advancements coupled with the rising FTTH projects in China are the major factors expected to shape the Asia Pacific GPON equipment market in the coming years.
North America is another leading market for GPON and is expected to witness remarkable growth in the analysis period. High demand for data-intensive services such as video on demand, video conferencing, voice over internet protocol is a major factor contributing to the growth of GPON equipment market. Additionally, the presence of significant market players in the region is estimated to shape the GPON equipment market considerably. The high rate of deployment of FTTH services in the U.S. has spurred the demand for GPON equipment market in this region.
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Europe is the third leading market for GPON and is predicted to show a noticeable growth in the analysis period. The growth of GPON equipment market is mainly due to the growing demand for high bandwidth capabilities and FTTH services in the countries such as the UK, France, and Germany. Furthermore, the shift of European telecom sector towards high capacity and the high-speed optical network is propelling the growth of the market in this region. In addition, increasing demand for strong optical network setup coupled with the need for energy conservation has supported the growth of the GPON equipment market in Europe significantly in the past couple of years.
Latin America and the Middle East and Africa are estimated to show a substantial growth in the forecast period. Brazil, Uruguay, and Chile are amongst the leading countries for FTTH deployments which resulted in the growth of the GPON equipment market in this region. The countries such as UAE, Saudi Arabia, South Africa are some of the prominent regions driving the GPON equipment market in the Middle East and Africa.
Browse the full "GPON Equipment Market by Component Type (Optical Cables, Optical Power Splitters, Optical Filters, and Wavelength Division Multiplexer/Demultiplexer) and by Product Type (Optical Line Terminal, Optical Network Terminal, and Passive Optical Splitters): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017 – 2024 " report at https://www.zionmarketresearch.com/report/gpon-equipment-market
Major players operative in the GPON equipment market are Huawei Technologies Co. Ltd., Calix, Inc., Verizon Communications Inc., Mitsubishi Electric Corporation, Broadcom Corporation, Inc., Alcatel-Lucent S.A., Adtran Inc., ZTE Corporation, Freescale Semiconductor, Inc., Motorola Solutions, Inc., Ericsson, Inc., Alphion India Pvt. Ltd., and Hitachi, Ltd.
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The report segments the GPON equipment market as follows:
Global GPON Equipment Market: Component Type Segment Analysis
- Optical cables
- Optical Power Splitters
- Optical Filters
- Wavelength Division Multiplexer/Demultiplexer
Global GPON Equipment Market: Product Type Segment Analysis
- Optical Line Terminal
- Optical Network Terminal
- Passive Optical Splitters
Global GPON Equipment Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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